Loan / Mortgage Calculator

Loan Amount
Interest (Annual)
Number of
Monthly Payments
Total of Payments
Total Interest Paid

 

Simple Interest Amortized Loan Formula

PV * ( 1 + i )N = PMT * [ ( 1 + i )N - 1 ] / i

PMT = the payment per period
i = interest rate in percent per period
PV = loan / mortgage amount
N = number of periods